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REVENUE (Tables)

3 Months Ended

Jun. 30, 2023

Schedule of net sales on a disaggregated basis by market and contract type

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​	​	​	​	​	​	​	​	​	​
Net Sales by market		Defense			Industrial			Totals
Three months ended June 30, 2023	​	$	6,597,893	​	$	773,347	​	$	7,371,240
Three months ended June 30, 2022	​	$	6,840,924	​	$	235,433	​	$	7,076,357

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​	​	​	​	​	​	​	​	​	​
Net Sales by contract type		Over-time			Point-in-time			Totals
Three months ended June 30, 2023	​	$	6,933,804	​	$	437,436	​	$	7,371,240
Three months ended June 30, 2022	​	$	6,622,093	​	$	454,264	​	$	7,076,357

Schedule of contract assets

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​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	Progress		​	​	​
​		Unbilled			payments			Total
June 30, 2023	​	$	19,914,513	​	$	(11,263,170)	​	$	8,651,343
March 31, 2023	​	$	19,485,914	​	$	(10,538,103)	​	$	8,947,811

Sales

Schedule of accounts receivable from customers who accounted for more than 10% of our net sales

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​	​	​	​	​	​	​	​	​	​	​	​
​	​	Three months ended				​	Three months ended				​
​	​	June 30, 2023				​	June 30, 2022
Customer		Amount			Percent		Amount			Percent
A	​	$	2,285,275		31	%	$	1,296,387		18	%
B	​	$	866,171		12	%	$	1,763,591		25	%
C	​	$	805,690		11	%	$	735,758		11	%
D	​	$	*	​	*	%	$	1,071,874	​	15	%
E	​	$	800,512	​	11	%	$	*	​	*	%
F	​	$	743,237	​	10	%	$	*	​	*	%

*Less than 10% of total

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

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